Vodafone recorded a net loss of €4.79 billion for the first half of its financial year.^[1] The loss was linked mainly to a writedown in Germany.^[2] The company booked an impairment of €4.85 billion there.^[3] Side by side, the two numbers show that the German charge is bigger than the group's entire loss. Without it, the half would have shown a small profit. The cuts Vodafone will cut 2,300 jobs in Germany.^[4] The positions go over two financial years.^[5] Talks with employee representatives start in early 2027.^[6] The German business will merge customer service with its consumer and business sales units.^[7] It will expand its use of artificial intelligence across the company.^[8] It already uses AI for network fault analysis, customer service support and advertising campaigns.^[9] The other half of the report The same statement carried good news for shareholders. Revenue for the half rose 11.4% to €21.9 billion.^[10] Vodafone raised its earnings outlook for the full year.^[11] The market was not persuaded. The share price dropped 0.8% after the update.^[12] The owner Xavier Niel became Vodafone's largest shareholder in July.^[13]